Page 67 - Companies

Shopify to lay off 20% of workforce in 2nd round, revenue tops expectations

The company also reported better-than-expected results for the first quarter, as more merchants used its online tools and targeting services to attract customers tackling high inflation

Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees

The company's bookings for the quarter stood at $25.6 billion on a trailing 12-month basis, up from $24.1 billion in the fourth quarter (Q4) of 2022

Cognizant to lay off 3,500 employees in 2023 amid declining revenue

In the quarter ended March 31, the company reported a margin of 14.6%, among the lowest in the industry

50% of firms fell victim to ransomware attacks in 2022, shows report

The survey was conducted among 569 cybersecurity leaders from 31 different locations around the world, including the US, UK, France, India, and Japan, among others

MRF Q4 net profit up 86%, tyre maker announces dividend of Rs 169 apiece

Its consolidated revenue from operations rose 10 per cent to Rs 5,841.7 crore in Q4FY23

Hindenburg targets Icahn Enterprises, claims IEP shares overvalued

Hindenburg targets Icahn Enterprises after dropping a significant amount of Adani Group shares. In response to that, Icahn rejects Hindenburg's claim and called the report self-serving

Wadia Group not exiting; some people have shown interest in Go First: CEO

On Tuesday, Go First filed for bankruptcy with the National Company Law Tribunal, blaming Pratt & Whitney engines for the grounding of about half its fleet

From Adani Wilmar to Havells India: Q4 results to watch out for today

Q4 results: Godrej Properties, Reliance Power, Bajaj Consumer, Chola Investment, JK Agri Genetic, Petronet LNG, Sula Vineyards, Sonata, and Tata Chemicals will also announce their results today

Max moves HC against Quality Care, Evercare over hospital chain buyout

Breach of contract alleged in an offer to acquire Hyderabad-based Care Hospitals

Retail tech firm Ace Turtle raises Rs 293 cr from Vertex, others

Start-up will use the funds to recruit talent and for business growth

EV financing platform Ohm raises Rs 3 cr in funding led by Antler India

Company will use the money on technology platform connecting EV players and financial institutions

Maruti Suzuki India's sales jump 6.5% in April, exports drop by 8%

The total domestic sales were up from 132,248 units in April last year to 143,558 units this year

Germany's SAP sees 'phenomenal growth' in India, will increase hiring

Company considering 'specific investment' in the country for sustainability solutions

Adani Cement pre-pays $200 million Holcim debt, seeks loan extension

Global banks had lent Adani $4.5 billion to finance the purchase of Holcim Ltd

ACC on Hindenburg: Independent review found it in compliance with all laws

Says since matter is sub-judice, financial statements do not carry any adjustments

Zuckerberg's fortune jumps $10 bn on Meta's robust first-quarter sales

Meta shares rose 14% after the earnings report, lifting Zuckerberg's fortune to $87.3 billion

Adtech company Infomo appoints Himanka Das as country director India

Company that works with telecom firms promotes Rohit Verma as global chief of strategy and new initiatives

Now you can use WhatsApp on four devices at the same time: Here's how

At a given time, up to four smartphones can be linked to one WhatsApp account. Here how

Choice International plans to launch 10 new branches in North India in FY24

Financial services provider Choice International on Wednesday announced plans to expand its operations in north India by launching 10 new branches in the first half of the current financial year. The move is aimed at strengthening its presence in the region and providing financial services to its customers. To support these new locations, the group plans to hire 250 employees for broking, mutual funds and insurance, in addition to the existing 150-member team in Delhi and NCR, Choice International Ltd, which is listed on BSE and NSE, said in a statement. Of the 10 new branches, three would be in Delhi and one each in Noida, Faridabad, Gurugram, Lucknow, Chandigarh, Ambala and Panipat. In addition, Choice Group plans to open 10 more branches, including Dehradun, Kanpur, Prayagraj, Saharanpur, Ludhiana, Jalandhar, Jammu, Amritsar, Shimla and Bareilly in the coming 1-2 quarters. Overall, the company aims to have 500 employees in north India, including those in the upcoming branches f

Reckitt names Kris Licht as CEO, continues to beats sales estimates

Licht, who has served as president of Reckitt's health business and as chief customer officer since July 2020, will be appointed to the board as an executive director from June 1